Silver dumped a few minutes after the NY open...all the way down under $43. Recovering a bit on the far east markets...now $44.46.
I expect that this may be a good buying opportunity as nothing fundamental has changed and I still expect a continuing rise this year.
I kinda expected something like this, and glommed a nice short position on SLV (May puts) near the end of Friday's session. I'm still net long silver, of course, but this hedge should provide some cash to buy more when it turns up again.
Ya gotta be quick!
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